Singapore Exchange to Stop Trading, Clearing LME Minis
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Singapore Exchange Ltd., Southeast Asia’s biggest bourse, plans to stop trading and clearing futures on three industrial metals after the contracts attracted little interest from customers.
SGX, which started trading the copper, zinc and aluminum futures in a joint venture with London Metal Exchange in February 2011, will make the products “dormant” pending approval from the Monetary Authority of Singapore, according to an e-mailed statement from SGX in response to queries from Bloomberg News. The bourse’s shares dropped 1.1 percent to close at S$7.04 in Singapore trading today, the most on the benchmark Straits Times Index.